Global Public Cloud services market hit $233 billion in 2019: IDC

New Delhi: The worldwide Public Cloud services market grew 26 per cent (year-over-year) in 2019 with revenues totaling $233.4 billion, according to a new International Data Corporation (IDC) report.

The Public Cloud services include Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS).

The combined revenue of top five public cloud service providers (Amazon Web Services, Microsoft, Salesforce, Google and Oracle) captured more than one third of the worldwide total market, growing 35 per cent year over year.

“Cloud is expanding far beyond niche e-commerce and online ad-sponsored searches. It underpins all the digital activities that individuals and enterprises depend upon as we navigate and move beyond the pandemic,” said Rick Villars, group vice president, Worldwide Research at IDC.